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Jan 18, 2013 1:00pm EST
brand and it appears he fell badly. the love did not rub off of oprah on to lance. >> let's talk about the inauguration monday. barack obama. take a look at the official white house photograph from 2009 and now in 2013. the presidency does age us, isn't it, neil? >> it certainly does. almost as bad as trying to run a media website. but seriously, obviously, when you see these pictures, before and after the presidents, you're like wow, i'm glad i didn't get a day older myself. it is a tough job and obviously particularly partisan, nasty. sort of things that tear at you internally. that's what's been going on the last four years. you got to feel for the guy. >> let's not go back to 2007 when we met. >> it is like dog years. salt and pepper looks okay on him. when i'm 51, i hope i'm in raz descent of shape. >> yeah. good basketball player. >>> quick programming note. on monday, we will have special coverage of the second inauguration of president barack obama. beginning at 11:00 a.m. eastern on monday here on cnbc. simon? >> in the meantime, millions of dollars worth of classic cars on th
Jan 16, 2013 6:00am EST
voted for refusing to raise the debt ceiling in 2006, talking about president obama. >> let me give you a history. when i came to the congress in 1977, one of the first days i was there, tip o'neill saw me, said, you look like a nice young guy, we need somebody to carry out the trash. he said carrying out the trash is passing the debt limit increase. i spent five years. this is a crazy story, doing little else than going to my colleagues in the domestemocraty to get a vote in the debt ceiling. everybody wanted to vote against it because it could be used against them in the election. everybody knew it had to pass and every time it would pass by one or two votes after i worked on it for weeks and weeks. i said, this is crazy. everybody knows you have to pass it, you already spent the money, like going in a restaurant and saying, i don't want to pay the bill. that's cracrazy. we passed something called the gephardt bill when you pass the budget, you pass the debt ceiling automatically to accommodate those budget figures. yes, you're right. this issue raises all the deficit issues. it shoul
Jan 15, 2013 4:00am EST
or hostage that can be taken to avoid any political agenda. president obama again rejected any negotiation with republicans over the debt ceiling. i love the debt clock. it's almost as fast as the amount of money they're going to earn tr nike. >> and is we'll talk about that. >> meanwhile, fed chairman ben bernanke speaking monday warned the u.s. economy isn't out of the woods yet and is still at risk from political gridlock. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effect of way to improve your credit rating. >> ben bernanke says the u.s. economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the year, like t
Jan 18, 2013 6:00am EST
, that president obama said we're going to have an economist on today on how you get -- you know, we're going to talk to him. he says the one thing that would hurt the economy is in cuts in social security or medicare or medicaid. any type of reform to those things. >> to the true liberal -- >> other than raising taxes up to the level where you fund the promises that we've already made. the entitlements that we've already made and the guarantees we've made, they just want to raise taxes on somebody. i don't know who, to the point where we never actually reform medicare, medicaid or social security. >> the question i want to ask him, is there ever a time that he's making, is it now given where we are in the economy? >> well, the question is, you put in a hundred and you take out 400 in medicare and the government covers 300. >> and it makes no sense. >> well, no, but there are people that think that the government's roll is to provide that 300. and so we should raise taxes to the point where you -- it doesn't matter that you -- >> right. >> it doesn't matter. that is the redistribution. >> tha
Search Results 0 to 3 of about 4